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Braintree is a business that helps business process credit card payments. Here they talk about what it was like making the decision to raise funds. (Published Thursday, April 26, 2012)

The brains behind Chicago-based Braintree are bringing more jobs to the Windy City.

The company, known locally for developing payment technology to help online businesses process credit card payments, will hire 150 new employees in the next couple years to staff its new 220-employee West Loop space, Braintree announced Monday.

They plan to hire 40 by the end of the year.

“We’re staffing up quickly to meet the exploding market demand for our online and mobile payments tools,” said Bill Ready, CEO of Braintree in a statement. “Braintree’s full-stack payment platform was designed specifically to make payment integration easy for developers. That is why we’re attracting the nation’s top developers to use and build our products.”

Mayor Rahm Emanuel helped the company make the announcement and called the company "an asset to the city of Chicago."

"The company’s booming demand for top talent is a prime example of the depth, breadth, and vitality of our local tech sector,” Emanuel said in a statement. “Braintree’s commitment to jobs growth within Chicago is emblematic of more high-quality jobs to come to this high-growth sector, and I support Braintree’s push to draw more top-tier engineers, developers and tech minds to Chicago.”

This is the second technology announcement made in Chicago in as many weeks.

Emanuel last week confirmed Motorola Mobility, the Libertyville-based division of Motorola which recently merged with Google, will move to Chicago's Merchandise Mart and hire 3,000 employees.

The wireless company will occupy the top four floors and the roof of the Mart, totaling about 600,000 square feet. The lease is for 15 years.